Monthly Archives: March 2017

By Our Reporter Amidst the conflicting media reports about the views of the leaders of the Madhes-based parties regarding the local polls, there is still uncertain whether the Madhes-based parties willactually boycott the polls as they are claiming now or they will surrender and take part in the polls. When …

U.S. Ambassador Alaina B. Teplitz and Peace Corps Nepal Country Director Nelson Chase hosted a celebration on March 23, to commemorate the 55th anniversary of Peace Corps’ arrival in Nepal. The event celebrated the work and contributions of over 3,750 American volunteers who lived, worked and served in communities throughout …

Telecom operator Ncell has reduced call rate to 30 countries. Issuing a press release, Ncell said all its customers can now make calls to 30 countries at local rate. As per the newly launched scheme, customers can now make calls to the 30 destinations at only Rs 1.99 per minute, …

The Floriculture Association of Nepal (FAN) is organizing 3rd International Flora Expo in Kathmandu from March 30 to April 2. The expo, which is being organized with the support of Ministry for Agricultural Development, aims at providing information and showcasing technology used in floriculture, the organizers said in a press …

Prabhu Bank Limited (PBL) has appointed NCM Merchant Banking Limited as the issue manager for its upcoming 10:4 (40%) right shares. Ashok Sherchan, CEO of PBL and BijayLalShrestha, CEO of the merchant bank, signed the rights issue agreement. PBL 15th AGM held on Poush 8, 2073 had endorsed the issuance …

Citizens Bank International Limited (CZBIL) is going to float right shares in the ratio 10:2.5 (25%) to its existing shareholders from Chaitra 24, 2073 to Baisakh 27, 2074. Issuing a press statement, the bank said that around 80,000 shareholders who had shares until the book closure date (i.e. Falgun 25, …

Nepal Life Insurance Company (NLIC) on Monday successfully conducted its 17th annual general meeting (AGM). The meeting approved proposal to extend 26.31 % bonus shares to company’s shareholders which was held in Birjung. As per the press statement published by the insurance company, it stated that the allotters of recently …

The 16th annual general meeting (AGM) of Kumari Bank Ltd (KBL) has approved the decision of its board of directors (BOD) to distribute 21 % bonus shares and 1.10 % cash dividend (for tax purpose) to its shareholders from the profit earned in the last fiscal year. According to the …

Mega Bank Nepal Limited (MEGA) is auctioning its ordinary and promoter right shares to the general public from Chaitra 13, 2073. It is selling 2,17,890 units ordinary shares and 1,68,992 units promoter shares after the right shares issued on Shrawan 27, 2073 were not fully subscribed by its shareholders. The …

The Government of Japan has decided to extend financial assistance of US Dollars78,268, to Ganesh Man Singh Foundation under the Grant Assistance for Grassroots Human Security Projects (GGP) scheme of the Government of Japan in Japan’s Fiscal Year 2016. Ganesh Man Singh Foundation, a Nepali NGO in Kathmandu, will implement …